Sociedad Quimica y Minera S.A. (SQM) Receives Price Target

Sociedad Quimica y Minera S.A. (SQM) stock is expected to deviate a maximum of $3.99 from the average target price of $24.18 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $28 and the most muted being $19.

Sociedad Quimica y Minera S.A. (SQM) : 3 analysts are covering Sociedad Quimica y Minera S.A. (SQM) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity Analysts at the Brokerage Firm, Citigroup, downgrades their rating on the shares of Sociedad Quimica y Minera S.A. (NYSE:SQM). Citigroup has a Sell rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 13, 2016.

Sociedad Quimica y Minera S.A. (NYSE:SQM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.33 and $25.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.43, notching a gain of 3.65% for the day. The total traded volume was 754,743 . The stock had closed at $25.50 on the previous day.

Sociedad Quimica y Minera de Chile S.A. (SQM) is a producer of potassium nitrate and iodine chemicals. The Company operates in six segments: specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. It produces four types of specialty plant nutrients: potassium nitrate, sodium nitrate, sodium potassium nitrate and specialty blends. It produces iodine and iodine derivatives, which are used in a range of medical, pharmaceutical, agricultural and industrial applications. It is also a producer of lithium carbonate, which is used in a range of applications. SQM produces potassium chloride and potassium sulfate from brines extracted from the Salar de Atacama. It produces four industrial chemicals: sodium nitrate, potassium nitrate, boric acid and potassium chloride. In addition, it sells other fertilizers and blends, some of which it does not produce.

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